Ms. Ferro has more than 18 years of human resources experience working for both public and private companies in the energy and commercial real estate industries including her most recent role as Vice President – Human Resources at Endeavour International Corporation. She also spent three years as a Managing Director for a leading compensation consulting firm in Houston. Ms. Ferro has a BA degree from the University of Houston, and is a Certified Compensation Professional (CCP), a Certified Executive Compensation Professional (CECP), a Certified Equity Professional (CEP), and a certified Professional in Human Resources (PHR).

"We are extremely pleased that a professional of Julie's caliber has joined our management team," said Randall D. Stilley, President and Chief Executive Officer of Paragon. "She brings a wealth of experience to the role which will be critical in ensuring Paragon maintains and enriches the quality and capabilities of our global employee base, key differentiators of Paragon in both our competitive business and a challenging macro environment."

About Paragon Offshore

Paragon is a global provider of offshore drilling rigs. Paragon's drilling fleet includes 34 jackups and eight floaters (five drillships and three semisubmersibles). In addition, Paragon is the majority shareholder of Prospector Offshore Drilling A.S., a publicly traded offshore drilling company on the Oslo Axess stock exchange that owns and operates two high specification jackups. Paragon's primary business is contracting its rigs, related equipment and work crews to conduct oil and gas drilling and workover operations for its exploration and production customers on a dayrate basis around the world. Paragon's principal executive offices are located in Houston, Texas. Paragon is a public limited company registered in England and Wales with company number 08814042 and registered office at 20-22 Bedford Row, London, WC1R 4JS, England. Additional information is available at www.paragonoffshore.com.